On November 5, 2020, the Ontario government tabled its 2020 Budget, Ontario’s Action Plan: Protect, Support, Recover (Budget), and introduced supporting implementation legislation, Bill 229, Protect, Support and Recover from COVID-19 Act (Budget Measures), 2020(Bill 229).
Practice Area: Pension, Benefits & Executive Compensation
Important Updates Regarding the Extension of the Canada Emergency Wage Subsidy (CEWS)
On October 14, 2020, the Department of Finance Canada released its latest backgrounder regarding the CEWS. The Extending the Canada Emergency Wage Subsidy backgrounder (Backgrounder) summarizes a number of new and recently announced changes to the CEWS, including the extension of the CEWS to June 2021.
Supreme Court Clarifies Employee Incentive Plan Entitlements During Notice Period
On October 9, 2020, the Supreme Court of Canada released its decision in Matthews v. Ocean Nutrition Canada Ltd. It confirmed that where terminated employees would be entitled to a bonus or other incentive payments during the reasonable notice period, employers must use clear and unambiguous language to remove or limit their common law rights. The Supreme Court also distinguished between the obligation to provide reasonable notice of termination and a breach of the duty to exercise good faith in the manner of dismissal.
Stephanie Kalinowski Quoted in Benefits Canada on How Insurers are Using Block-Level Contract Amendments to Control Drug Costs
Benefits Canada quoted Hicks Morley’s Stephanie Kalinowski in a September 28, 2020 article titled “How are insurers using block-level contract amendments to control drug costs?”
Proposed Extension of Current Canada Emergency Wage Subsidy (CEWS) Calculation for Inactive Employees Through Claim Period 8
The federal government has announced that it intends to extend the current treatment of employees on leave with pay under the Canada Emergency Wage Subsidy (CEWS) program by a further four weeks, from September 27, 2020 to October 24, 2020 (CEWS claim period 8).
Ontario Introduces Temporary Funding Relief for Defined Benefit Pension Plans
Sponsors of defined benefit (DB) pension plans registered in Ontario have been given significant temporary contribution relief as part of the Ontario government’s response to the COVID-19 pandemic. On September 21, 2020, Ontario Regulation 520/20 (Regulation) was filed. The Regulation amends Regulation 909 made under the Ontario Pension Benefits Act (PBA) to permit temporary contribution deferral for certain eligible DB pension plans, and extend the time over which catch-up contributions following the filing of a new valuation report must be made.
Chambers Canada 2021 Guide Recognizes Hicks Morley for Employment & Labour and Pensions & Benefits
Hicks Morley has once again been recognized as a leading law firm in the Chambers Canada 2021 guide for Employment & Labour (Ontario and Nationwide) and Pensions & Benefits (Nationwide). The firm receives praise for being a “high-quality law firm” whose lawyers provide “very detailed, very thoughtful strategic advice on labour and employment law.”
Proposed Extension of Current CEWS Calculation for Inactive Employees Through Claim Period 7
The federal government has announced that it proposes to extend the current treatment of employees on leave with pay under the Canada Emergency Wage Subsidy (CEWS) program by four weeks, from August 30, 2020 to September 26, 2020 (CEWS claim period 7).
Hicks Morley Lawyers Recognized in Best Lawyers® in Canada 2021
Hicks Morley congratulates 31 of our lawyers for being recognized in Best Lawyers in Canada 2021 in the areas of Labour and Employment Law, Employee Benefits Law, Corporate and Commercial Litigation, and Workers’ Compensation Law.
Details of Extensive Changes to Employment Insurance and Canada Emergency Response Benefit Announced
In the latest evolution of the federal government’s response to the ongoing global COVID-19 pandemic, on August 19, 2020, amendments to the Employment Insurance Act (EI Act) were published and, on August 20, 2020, the government announced new measures to support affected Canadians who continue to be unable to work due to COVID-19.